Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
The HC held that the Show Cause Notice issued by the Appellant-Board's Adjudicating Officer was validly founded, clarifying that under Rule 5(1) it is the AO who must first inquire into and determine whether a violation under Section 15-I, including Section 15A(b), has occurred. The Single Judge's view that the notice was issued solely for imposition of penalty without prior formation of opinion was found erroneous and set aside. Concurrently, the HC affirmed that the PIT Regulations do not require a prior order under Regulation 14 or exhaustion of remedial measures thereunder as a condition precedent to invoking adjudicatory powers under Chapter VI-A of the SEBI Act.
The HC held that the Show Cause Notice issued by the Appellant-Board's Adjudicating Officer was validly founded, clarifying that under Rule 5(1) it is the AO who must first inquire into and determine whether a violation under Section 15-I, including Section 15A(b), has occurred. The Single Judge's view that the notice was issued solely for imposition of penalty without prior formation of opinion was found erroneous and set aside. Concurrently, the HC affirmed that the PIT Regulations do not require a prior order under Regulation 14 or exhaustion of remedial measures thereunder as a condition precedent to invoking adjudicatory powers under Chapter VI-A of the SEBI Act.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
